➡️Governments grow our debt and need to create more.
➡️This leads to borrowing.
➡️Interest rates go up.
➡️Government pays more to lenders.
➡️The deficit gets bigger.
➡️Rinse, repeat until collapse.
CMediumErik on Nostr: ⚠️THE DEBT SPIRAL EXPLAINED... ➡️Governments grow our debt and need to create ...
⚠️THE DEBT SPIRAL EXPLAINED...
➡️Governments grow our debt and need to create more.
➡️This leads to borrowing.
➡️Interest rates go up.
➡️Government pays more to lenders.
➡️The deficit gets bigger.
➡️Rinse, repeat until collapse.
➡️Governments grow our debt and need to create more.
➡️This leads to borrowing.
➡️Interest rates go up.
➡️Government pays more to lenders.
➡️The deficit gets bigger.
➡️Rinse, repeat until collapse.